Hayley Lock, David Sofrà and Nathan Hamilton discuss key announcements and responses to employment tax concerns in Australia.
The Australian Taxation Office (ATO) and state revenue authorities are working with both the Federal and State Governments to implement a broad range of measures and provide relief to employers.
We outlined some of the key announcements and responses to employment tax concerns below.
New South Wales
There is currently no automatic FBT deferral, however the ATO has indicated that they intend to implement a series of administrative measures and FBT payment deferrals may be granted for up to 4 months to businesses impacted by coronavirus.
ATO contact numbers and further information can be found on the ATO website.
The ATO has updated their website on COVID-19 issues and have provided FAQ responses in relation to various issues including the following fringe benefits tax (FBT) matters:
More insight articles can be found on KPMG Tax Now.
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